The Director of Kosmos Innovation Centre (KIC), Benjamin Gyan Kesse is of the view that entrepreneurs will excel if they get the needed support in terms of skills development and infrastructure from policymakers.
Mr. Kesse on the virtual forum of the Citi Business Festival pointed out that the main challenges hindering young entrepreneurs in the country from realizing their full potential are the lack of skills development and financing, which can be easily tackled by policymakers.
“As much as we are doing more, I think we need to focus also more on the skills development and the financing and the technology that will help and be able to meet the quality it takes and the quantity because most of the guys [entrepreneurs] doing the good stuff are not able to scale because they do not have all that they need to be able to move to the next level.
“We are looking for funding we are not getting. Financing, technology, skills development and also the infrastructure to support is something that we can do to support those who are already and also encourage others who want to come to this stage,” he said.
KIC seeks to empower entrepreneurs by transforming their ideas into viable, self-sustaining businesses.
They also assist small businesses to scale and reach their full potential.
Mr. Kesse said although his outfit had begun a few initiatives to assist young entrepreneurs, it will take the intervention of policymakers for the former to meet their aspirations.
“KIC is supporting young entrepreneurs to come up with innovative solutions. We do not even get that much engagement from policymakers. Young entrepreneurs are always approaching the Ministry of Finance and they are not getting the support. We have limited funding as to how much we can really support the entrepreneurs.
The forum, which aired live on Citi TV and on social media, was themed: ‘Feeding Ghana with a sound import substitution strategy.’
The Citi Business Festival is an extensive program of business events and on-air activities providing inspiration, business ideas, and information to persons who are starting, building, or growing their businesses.
The radio on-air series on the Citi Breakfast Show at 9:20am from Monday to Thursday, is themed to correspond with the various virtual fora.
The Festival is currently in its third week focusing on agribusiness.
The Citi Business Festival is sponsored by Absa Bank, Ghana, with support from IT Consortium and the Ghana Investment Promotion Centre (GIPC).
It is also powered by Citi FM, Citi TV, and Ghana’s most comprehensive business news website, www.citibusinessnews.com.